Terex Corp (TEX) Stock AnalysisTEXTerex Corp

Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, customized vehicle solutions, mobile elevating work platforms (MEWPs), equipment for the electric utility industry, commercial and custom fire and ambulance vehicles, and recreational vehicles. The Company's segments include Environmental Solutions (ES), Material Processing (MP), Specialty Vehicles (SV) and Aerials. Its ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers, recycling equipment, digger derricks, insulated aerial devices, and cameras with integrated smart technology. Its MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing systems, screens, trommels, apron feeders, material handlers, and others. It operates in the Industrials sector (INDUSTRIAL TRUCKS, TRACTORS, TRAILORS & STACKERS industry).

Terex Corp (TEX) is currently trading at $51.29, which is significantly below its analyst price targets, with Truist at $85 and Morgan Stanley at $86. However, the stock has a low RSI of 38.99, indicating it may be oversold, but it also shows a downward trend with a 20-day change of -10.54%. The main risk is the recent downgrade by JPMorgan, which lowered its target to $58, reflecting concerns about demand and cost inflation. Given these factors, it is advisable to hold off on buying until there is clearer evidence of recovery in the stock's performance and market conditions.

19 analysts cover TEX: 7 rate it Buy, 10 Hold and 2 Sell. The average price target is 62.70.